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Gold Silver and Oil Slipped on Friday – Recap December 28th

December 29, 2012

Major commodities traded mostly down on the last business day of the week: the price of Brent oil and WTI oil declined again; the prices of gold and silver also shifted gear and slipped on Friday; natural gas Henry Hub future (short term delivery), on the other hand, rose yesterday; the Euro edged down against the USD on Friday. Moreover, several other currency pairs such as the AUD/USD also slightly depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 28th, 2012:

Forex and Bullion Markets:

On Friday, gold declined by 0.87% and reached $1,654.9; Silver also fell by 0.47% to $29.92. During the month, gold decreased by 3.27%; silver, by 9.89%.

On Friday,the Euro/USD also declined by 0.13% to 1.3216; the U.S Dollar appreciated against some other currencies such as Aussie dollar by 0.04%.

Energy Commodities:

WTI oil price declined again by 0.08% to $90.80 per barrel; Brent oil also decreased by 0.16% to $110.62 per barrel;

Thus, the difference between Brent and WTI slightly narrowed again to $19.82/bbl. During the month, WTI rose by 2.1%; Brent oil declined by 0.5%.

Finally, the Henry Hub future (short term delivery) rose again by 1.67% to $3.47/mmbtu.